Spain's Service Sector Hits Highest PMI of 2025 Amid Inflation Concerns
Spain's service sector PMI reached 57.1 in December 2025, marking the year's highest level and 28 months of growth. Despite robust performance, inflationary pressures are rising, with input costs increasing at the fastest rate since September.
Insights:
Spain's service sector closed 2025 on a high note, with the HCOB Spain Services PMI Business Activity Index reaching 57.1 in December, up from 55.6 in November, according to a survey conducted by S&P Global. This figure represents the highest reading of the year and marks 28 consecutive months of growth, underscoring the sector's resilience and vitality. The robust performance was driven by increased sales volumes and a surge in new business from key European markets, contributing to a wave of hiring, particularly on permanent contracts.
